This February, ECLOF International joined the Interfaith Center on Corporate Responsibility (ICCR), a membership organization that aims to build a more just and sustainable world by integrating social values into investor and corporate actions through the lens of faith.
As part of the community engagement of ECLOF Philippines, ECLOF staff regularly spend a day engaging in social activities within their target communities.
ECLOF seeks to actively manage the social performance that its network delivers and has therefore adopted the Universal Standards for Social Performance Management (USSPM).
ECLOF Kenya serves predominantly clients residing in rural areas. And it is those areas where most of the 43% of Kenyans without access to electricity live. They rely on kerosene, firewood and charcoal for lighting and heating, while bearing all associated hazards such as fire risk and harmful emissions.
Innovation in housing microfinance: ECLOF Dominican Republic awarded “Most innovative microfinance institution” at CITI 2016 Microenterprise Awards
ECLOF Dominican Republic was recognized as “Most innovative microfinance institution” by the Council of American Development Foundations (SOLIDARIOS), a non-profit association of development actors. Part of the 12th CITI Microenterprise Awards, the award recognizes ECLOF’s new product "Mejora Fácil”, a combination of a home improvement loan with technical assistance to low-income clients.
With the last of three regional events held in Arusha, ECLOF International concluded celebrations of its 70th anniversary.
Kyonpyaw branch is the biggest of ECLOF Myanmar, with others located in Yangon and in the Dry Zone. ECLOF Myanmar finances predominantly smallholder agriculture. The average loan disbursed is around 100 USD per client. Almost all clients are women who come together in solidarity groups of 5 to co-guarantee each other’s loans, share and learn from each other. Besides offering access to loans, ECLOF Myanmar actively promotes a savings culture among clients and builds their financial and business skills.
The strength of the ECLOF network lies in its field operations in 19 countries that directly reach the vulnerable and disadvantaged. This is the reason why the ECLOF board decided to commemorate ECLOF International’s 70th anniversary through a series of three regional celebrations organized in the oldest ECLOF offices respectively in Asia, Latin America and Africa. Last month, ECLOF Argentina, founded in 1961 as the first ECLOF member in Latin America, hosted a day of celebration.
Social performance—the effective translation of the mission into practice—is at the heart of what ECLOF does.
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